2 bedroom flat for sale

Overview

Guide Price = £100,000+ **For Sale By Public Auction 21st May 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Lower Ground Floor Two Bedroom Flat Tenure Leasehold. The property has approximately 60 years unexpired on the lease. Location The property is situated on a residential road close to local shops and amenities. The open spaces of Crystal Palace Park are within easy reach. Transport links are provided by Penge West overground and rail stations. Description The property comprises a lower ground two bedroom flat situated within an end of terrace building arranged over the lower ground, ground and first floors. The property requires a program of refurbishment. Accommodation Lower Ground Floor Kitchen/Diner Two Bedrooms Bathroom Exterior The property benefits from a private rear garden. Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating D Viewing Schedule (No Booking Required) Friday 10 May 11:00 - 11:30 Tuesday 14 May 11:00 - 11:30 Thursday 16 May 11:00 - 11:30 Monday 20 May 11:00 - 11:30 For more details and to contact: https://realtyww.info/flats_penge-d542740/for-sale_i71813598